Over the last 10 years, the Turkish economy has enjoyed exceptional performances and continued growth. Despite the political tensions of 2016, the growth ratios of the Turkish market were only slightly affected, with the 2016 growth rate expected to be the same as that of 2015, around 4% of GDP thanks to the growing sectors in Turkey.
The confidence of foreign investors seems to have remained untouched, as explained by the Turkish Minister of Economy Mr. Nihat Zeybekçi, who has good prospects for foreign investment in Turkey for 2017/2018. According to him, in 2017, the Turkish economy will dissociate itself from the other world economies thanks to the support of the foreign investments that will have exploded. ”
Here are the growing sectors that promise a good evolution in 2017:
►►► Growing sectors in Turkey in 2017
| The automotive sector: The country’s largest industry, with a competitive and highly skilled workforce, combined with a dynamic local market and favorable geographic location, the automotive production of 13 international OEMs Turkey has seen an increase of 374,000 in 2002 to more than 1.3 million vehicles by 2015. By the end of 2015, Turkey was ranked Europe’s leading producer of light commercial vehicles (LCV). A 3% change in activity is expected this year.
► The AUTOMECHANIKA trade fair for professionals in the automotive industry is held every year in Istanbul in April. 6-9 April 2017 For more information, click here. |
| The aeronautics sector: Globally, the aviation is one of the fastest growing sectors at around 3-5% per year, against at least 10% each year in Turkey over the past ten years. Turkish Aeronautics Institute (THK) General Chairman Kursat Atilgan said that over the past 10 years, the aviation sector in Turkey has grown by at least 10% each year. “The Turkish aviation sector has shown extraordinary development”.
► ISTANBUL AIRSHOW, for professionals in the aeronautics industry, is held every two years in Istanbul in September. 27-30 September 2017 For more information, click here. |
| The defense sector: In 2016, exports were up in the Turkish Defense Industry. Indeed, Turkey exported to 108 countries in 2015 which was around fifty in 2010. The United States was the first customer of Turkey with 87.369.000 dollars of purchase. The defense industry has demonstrated its successful export performance and hopes to continue this trend in 2017. The sector has even outpaced other sectors in terms of exports.
► The IDEF’17 ISTANBUL trade fair for professionals in the defense industry is organized every year in Istanbul in May. 9-12 May 2017 For more information, click here. |
| The plastics industry: Today, 5th, in 2020, Turkey wants to become the leading European plastic producer. By 2015, nearly 135 companies in the sector were foreign-owned. Turkey is making great efforts to gradually adopt European standards.
► PLASTEURASIA, a trade fair for plastics industry professionals, is held every year in Istanbul in December. 6-9 December 2017 For more information, click here. |
| The construction sector: Turkey is among the best manufacturers in the world: 3rd largest manufacturer in the world, 4th largest cement producer in Europe and the second largest in Europe, 25 Turkish companies listed on the “List of 225 world’s leading construction companies”. The sector accounts for nearly 30% of the country’s GDP and it is also one of the fastest growing sectors.
► YAPI – TURKEYBUILD EXHIBITION, a trade fair for professionals in the construction industry, is held every year in Istanbul in May. May 23-27, 2017 For more information, click here. |
| The energy sector: As in 2016, in 2017, the sector will see numerous mergers and acquisitions. The commitment of key decision-makers and market regulators is signaling improvements in the overall investment climate. Interest should remain limited for domestic investors. Foreign investors in gas and renewable power plants have announced a major upcoming investment.
► The SOLAREX trade fair for energy professionals is held annually in Istanbul in April. 6-8 April 2017 For more information, click here. ► The CNR ENERGY ISTANBUL trade fair for professionals in the sector is organized every year in September. 21-24 September 2017 For more information, click here. |
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